RBC Investor & Treasury Services (I&TS), part of Royal Bank of Canada (RY on TSX and NYSE), has appointed Erik Morgan as Managing Director, Head of Global Due Diligence.
Morgan joins RBC I&TS from J.P. Morgan where he was most recently Executive Director, Wholesale Client Onboarding, and helped to establish the firm’s Quality Assurance programme and reengineered the KYC (Know Your Client) due diligence practices and procedures. Prior to that, Morgan was EMEA Head of KYC and Head of Global Remediation at HSBC Bank Plc. He has also held similar roles at other investment banks including Barclays, Goldman Sachs and Societe Generale.
At RBC I&TS, Morgan is based in London and reports jointly to Andrea Horton, Global Head of Governance & Regulatory Solutions and Joanna Meager, Global Head of Client Operations. Horton said: “Erik’s wealth of experience in this area will benefit RBC I&TS greatly in our efforts to enhance all client due diligence activities across the business, and develop client-centric solutions”.
Morgan joins RBC I&TS following a number of senior announcements in 2017. These include, David Brown and Marian Azer, who joined RBC I&TS in Sydney, as well as Pat Sanderson in the U.K. and Hong Paterson in Singapore. Annette Niebuhr, Geert Pick and Aneet Shah also joined the product management group, and Wendy Phillis joined Governance & Regulatory Solutions in London.